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Zacks News
Denbury Restarts 90% Production as Harvey Makes an Exit
by Zacks Equity Research
Although Harvey is not expected to alter Denbury's (DNR) full-year 2017 production guidance, the third-quarter 2017 output might be reduced.
ExxonMobil (XOM) Assesses Harvey-Affected Baytown Unit
by Zacks Equity Research
ExxonMobil (XOM) continues with its restart initiatives at Baytown refinery, touted to be the second largest in the domestic market.
Stone Energy's (SGY) Rampart Deep Well Sees Drilling Success
by Zacks Equity Research
Stone Energy (SGY) announces the successful drilling of Rampart Deep well at Mississippi Canyon Block 116. This raises hope for adjacent prospects in the area.
Patterson-UTI (PTEN) Rallies on MS Energy Acquisition Deal
by Zacks Equity Research
The acquisition of MS Energy bodes well for Patterson-UTI (PTEN), given the compelling strategic rationale of the transaction.
Exxon to Invest $200M in Argentina's VacaMuerta Shale Play
by Zacks Equity Research
ExxonMobil (XOM) reportedly intends to enhance natural gas output in Argentina's VacaMuerta shale play by investing $200 million.
Statoil Lowers Cost for Johan Sverdrup's First Phase by NOK 5B
by Zacks Equity Research
Statoil reduces its estimated cost for the first phase of developing Norway's Johan Sverdrup oilfield by NOK 5 billion to NOK 92 billion.
Williams Partners Files for Transco Expansion in Northeast
by Zacks Equity Research
Williams Partners (WPZ) is planning to extend its Transco interstate natural gas pipeline and has filed an application with the FERC seeking approval for Rivervale South to Market development project.
Enterprise Products Reports Minor Damages in Texas Plants
by Zacks Equity Research
Enterprise Products' (EPD) plants in the Texas Gulf Coast have suffered minor damages due to Harvey. The partnership is contemplating the possible reduction of NGL fractionation at its Mont Belvieu complex.
Energy Transfer Gets FERC Permit for Partial Rover Startup
by Zacks Equity Research
Energy Transfer (ETP) gets approval from the Federal Energy Regulatory Commission to offer Phase 1A of the Rover Pipeline.
Arc Logistics, Zenith Energy Merger Moves a Step Closer
by Zacks Equity Research
Zenith Energy will likely pay 15% premium to unitholders of Arc Logistics (ACRX).
Seadrill (SDRL) Lost 45% in a Month: What's Pushing It Down?
by Zacks Equity Research
SeaDrill (SDRL) has been going through a rough patch of late owing to increased debt and bankruptcy threats.
ConocoPhillips Donates $5 Million to Harvey Relief Fund
by Zacks Equity Research
ConocoPhillips (COP) contributes significant amount for relief of residents affected by Harvey.
Kinder Morgan's (KMI) Project Faces Objections From Natives
by Zacks Equity Research
Kinder Morgan's (KMI) Trans Mountain pipeline expansion project faces threats yet again, this time by a native band in Canada.
Shell (RDS.A) Inks Deal with Egypt for Western Desert Fields
by Zacks Equity Research
Shell (RDS.A) signs new deal in Egypt strengthening its presence in the country.
Enterprise Products Plants Partly Operational Amid Harvey
by Zacks Equity Research
Enterprise Products (EPD) stays partially operational in Harvey hit Texas as no major damage was reported.
Petrobras (PBR) to Offload 50 Offshore Oil and Gas Fields
by Zacks Equity Research
In sync with its divestment goals and focus toward ultra deepwater production projects, Petrobras (PBR) intends to vend 50 non-core oil and gas fields in Rio Grande do Norte and Bahia states
Statoil Hits Non Commercial Gas Volume in Korpfjell Well
by Zacks Equity Research
Statoil (STO) has confirmed non commercial gas volume, which is small in amount, in the Korpfjell well situated in the southeast Barents Sea.
Denbury Suspends Operations in Houston due to Storm Harvey
by Zacks Equity Research
Denbury Resources (DNR) was compelled to suspend operations and temporarily shut all productions at its Houston area fields due to the rampage caused by Tropical Storm Harvey.
Sinopec's 1H17 Profit Surges Y/Y Backed by Chemical Segment
by Zacks Equity Research
Sinopec's (SNP) 1H17 Profit increases year over year on back of superior performance in Chemical Segment earnings.
Shell's Arm Receives Approval for Delga Solar Farm Project
by Zacks Equity Research
Shell (RDS.A) arm Shell Australia, which is shifting its focus on cleaner and renewable energy sources, received an approval for the construction of a solar farm project in Western Downs.
Petrobras (PBR) to Invest R$ 6.3B in Fuel Distribution Arm
by Zacks Equity Research
Petrobras (PBR) is set to make a capital contribution of R$ 6.3 billion Petrobras Distribuidora to shore up latter's financials and poise it for a likely IPO in December.
Statoil, YPF to Explore Hydrocarbons Onshore Argentina
by Zacks Equity Research
Statoil (STO) and YPF ink agreement to jointly explore for hydrocarbons in the Bajo del Toro block in the Neuqu??n Basin onshore Argentina.
Should You Hold Occidental (OXY) in Your Portfolio Now?
by Zacks Equity Research
Occidental Petroleum (OXY) continues to benefit from its focus in Permian Resources and initiative to divest of lower-margin production and replace it with higher-margin and higher-return production.
Reasons That Make Range Resources (RRC) an Attractive Pick Now
by Zacks Equity Research
We believe Range Resources (RRC) to be an attractive pick as its earnings and sales for both 2017 and 2018 are expected to increase handsomely.
Why Should You Hold HollyFrontier (HFC) Stock Right Now?
by Zacks Equity Research
HollyFrontier's (HFC) holding of fee-based assets through its partnership company Holly Energy Partners with limited commodity price exposure is a positive. Increasing operating expense is a concern.